News

On 7 October 2021, an extraordinary general shareholder meeting of KHARKIVENERGOZBUT PJSC was held online. At the meeting a new legally qualified composition of the company’s Supervisory Board was elected. Officials of KHARKIVENERGOZBUT PJSC falsified the minutes of the meeting stating in them that a decision on this agenda item was not made.

Smart Energy group announces the production results for 9 months, 2021.

SMART HOLDING (CYPRUS) LTD, a shareholder of Kharkivoblenergo JSC, has revealed gross abuse and inefficient use of funds during tender procedures by the management of the energy company for a total of UAH 111.6 million. The shareholder’s representative filed 19 claims on committed grave crimes to the Main Directorate of the National Police in Kharkiv region for an appropriate response.

Elena Haritonova has been appointed CEO of Veres Group.

On 21 September 2021, extraordinary shareholder meetings of KHARKIVOBLENERGO JSC and KHARKIVENERGOZBUT PJSC were held, convened at the initiative of the State Property Fund of Ukraine (hereinafter referred to as the Fund or SPF). During the voting, representatives of the Fund did not support the draft decisions meant to bring the composition of the energy companies’ supervisory boards to compliance with the legislation that regulates the activities of joint stock companies. This has led to the fact that the supervisory boards of KHARKIVOBLENERGO JSC and KHARKIVENERGOZBUT PJSC remain unauthorized since they still do not have independent members.

Drilling of a new well with target depth of 5,250 m is scheduled to be completed by the end of Q1 of 2022. In case of further successful testing, production hook-up is expected during Q2 of 2022.

British Company Enwell Energy plc, a part of Smart Energy, announces its operational and financial unaudited results for H1, 2021. For six months the company has increased its aggregate average daily production by 8.2%, while the revenues have grown by 66.4%.

The State Property Fund of Ukraine (SPF) did not take part in the extraordinary meetings of KHARKIVOBLENERGO JSC and KHARKIVENERGOZBUT PJSC, which were initiated by the shareholder of the companies SMART HOLDING (CYPRUS) LTD. The agenda of the meetings included the questions on the election of new members of the energy companies’ supervisory boards, including independent board members, as well as on conducting a special audit of the companies’ financial and economic activities for 2019–2020.

Zhanna Kytaieva has taken charge of the Financial Directorate of SMART-HOLDING LLC. Her responsibilities will include the development and implementation of financial and tax strategies, financial oversight, liquidity management, and redistribution of monetary resources. Before joining SMART-HOLDING LLC, Zhanna Kytaieva worked in similar positions in Ukrainian and international companies.

A large-scale promotional campaign dedicated to the 30^th anniversary of Ukraine’s independence has started on the BBC.This is a joint project of the Ukrainian government and businesses, which aims to create a positive image of the country around the world.